Brink’s (BCO) Set to Announce Earnings on Wednesday

Brink’s (NYSE:BCO) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Brink’s to post earnings of $1.23 per share for the quarter. Brink’s has set its FY24 guidance at $7.30-8.00 EPS and its FY 2024 guidance at 7.300-8.000 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $2.10 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, analysts expect Brink’s to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Brink’s Stock Up 1.9 %

NYSE BCO opened at $90.58 on Monday. The stock’s 50-day moving average price is $86.85 and its 200-day moving average price is $82.36. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27. Brink’s has a 52 week low of $59.46 and a 52 week high of $93.25. The company has a market capitalization of $4.05 billion, a P/E ratio of 49.77 and a beta of 1.39.

Brink’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.243 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.97 annualized dividend and a dividend yield of 1.07%. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio (DPR) is currently 48.35%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TheStreet cut Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group increased their target price on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Truist Financial increased their target price on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

Insider Buying and Selling at Brink’s

In other Brink’s news, Director Keith R. Wyche sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the completion of the transaction, the director now owns 665 shares in the company, valued at approximately $54,776.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.